Defaulters owe Rs 5,215 cr to Noida administration

The administration of industrial hub Noida is yet to get almost Rs 5,215 crore (Rs 52.15 billion) from defaulter allottees.

A total of 3,696 allottees pertaining to group housing, commercial department, industrial department, institutional department and residential plots are defaulters in Noida.

UP infrastructure & industrial development Principal Secretary Surya Pratap Singh has now directed Authority officials to issue notices and cancel allotment of plots and properties to such allottees, who fail to repay dues by prescribed date.

Singh was reviewing progress made in receipts and recovery by the Noida authority over the last two months during which it, interestingly, had clocked marked increase in receipts.

Of total receipts of Rs 1,780 crore (Rs 17.80 billion) till October this year, about a third amounting to Rs 575 crore (Rs 5.75 billion) were recorded during September-October 2013.

Industries department had collected Rs 107 crore (Rs 1.07 billion) till October 2013 against receipts of Rs 48 crore (Rs 480 million) in the same period last year. Rs 1,107 crore (Rs 11.07 billion) were received by the group housing department till October compared to Rs 1,036 crore (Rs 10.36 billion) last year during the same period.

Singh also held an interactive session with industrialist and entrepreneurs.

Those who exhibited investment interest in UP included food processing major Cafe Buddys, logistics service provider Hind Terminals, project development & management company Overseas Infrastructure Alliance and Applied Materials, an American corporation manufacturing semiconductors, solar products, services and software.